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Started By
Message
BABA up 10% pre-market
Posted on 5/7/15 at 7:08 am
Posted on 5/7/15 at 7:08 am
time to sell, or are we beginning a long upward trend?
Posted on 5/7/15 at 12:48 pm to Ole War Skule
It was oversold earlier this week. Seeing some odd action in the calls and knowing that earnings would be announced in the pre-market hours, I took a flyer prior to closing yesterday and picked up some at 79.88, setting a stop-loss at 76. It's been stuck in a trading range of roughly 80-85 for quite awhile. If it can hold above 85 and begin building a new base in the 85-90 range, I think it can build an upward trend going through this quarter.
I believe this is my 4th round with BABA. I won the first two. Lost the third badly & suddenly. Right now, round 4 is in my favor by a decent amount. But I'll keep moving up my trailing stop as it moves up. This one is a trade, not an investment for me. I'm also going to keep my eye on the 90 calls. I'd like to sell some covered calls there and if I get called out at 90, I won't care.
I believe this is my 4th round with BABA. I won the first two. Lost the third badly & suddenly. Right now, round 4 is in my favor by a decent amount. But I'll keep moving up my trailing stop as it moves up. This one is a trade, not an investment for me. I'm also going to keep my eye on the 90 calls. I'd like to sell some covered calls there and if I get called out at 90, I won't care.
Posted on 5/7/15 at 3:12 pm to Jag_Warrior
I broke even on my 1st run, right after the IPO, bought back in too early and was under water until this morning on that one, bought a couple move positions later that I made a little on....sold it all this morning at 88.
lots of work for nothing.
I think I'm done with BABA. It was pure speculating for me, but I feel the market is on shaky ground right now and BABA one of those that could take a big hit.
My big mistake was buying options on Yahoo when it crashed right after the BABA IPO, they expired worthless before Yahoo shot back up
have fun!
lots of work for nothing.
I think I'm done with BABA. It was pure speculating for me, but I feel the market is on shaky ground right now and BABA one of those that could take a big hit.
My big mistake was buying options on Yahoo when it crashed right after the BABA IPO, they expired worthless before Yahoo shot back up
have fun!
Posted on 5/21/15 at 8:13 pm to Jag_Warrior
$94.20 A/H off a $93.88 close on above average volume.
On this one, I'll accept that it's better to be lucky than good. But it seems that Alibaba backed Baozun's IPO helped BABA today, even though the offering was lackluster.
On this one, I'll accept that it's better to be lucky than good. But it seems that Alibaba backed Baozun's IPO helped BABA today, even though the offering was lackluster.
Posted on 5/22/15 at 7:47 am to Jag_Warrior
Good for you
I bailed after the last uptick. Oh well.
I bailed after the last uptick. Oh well.
Posted on 5/22/15 at 9:52 am to Ole War Skule
i'm in at $82.... have it in my roth so i can cash it out with no penalties.... should i hold on or sell(thinking about picking up rds.b or xom)
Posted on 5/29/15 at 12:16 pm to 632627
I got stopped out at $90 and change. It just couldn't maintain the mid 90's range for now.
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